Iowa Admin. Code r. 781-4.1 - Definitions

The definitions found in Iowa Code section 12.32 as amended by 2006 Iowa Acts, House File 2661, are adopted by reference. In addition, the following definitions apply:

"Borrower " means a person, corporation, cooperative, partnership, or municipality located in Iowa that is qualified to participate in the linked investments for tomorrow program.

"Current market rate " means the one-year Treasury bill rate.

"Lender" means "eligible lending institution" as defined in Iowa Code section 12.32 and includes banks, savings and loans, converted savings banks, and credit unions that are located in Iowa and are in compliance with Iowa Code chapter 12C.

"Treasurer" means treasurer of the state of Iowa and members of staff carrying out duties delegated by the treasurer

Notes

Iowa Admin. Code r. 781-4.1

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